05 October 2012 17:10 [Source: ICIS news]
LONDON (ICIS)--Here is Friday’s end of day European oil and chemical market summary from ICIS.
CRUDE: November WTI: $89.91/bbl, down $1.80/bbl. November BRENT: $111.51/bbl, down $1.07/bbl
Crude oil futures extended losses late on Friday pressured by pessimism regarding the global economy. Positive US jobs data however capped losses on NYMEX.
NAPHTHA: $970-972/tonne, up $3-4/tonne.
The cargo range edged up from earlier in the day as the effects of a firmer crack spread overrode those of slightly lower crude oil prices. Two trades took place this afternoon. November swaps were assessed at $940-942/tonne.
BENZENE: $1,260-1,290/tonne, steady
The market was quiet ahead of EPCA, with many players already travelling to Budapest. The ranges for both months were unchanged.
STYRENE: $1,570-1,610/tonne, steady
The market was quiet ahead of EPCA, and the range for October was unchanged.
TOLUENE: $1,350-1,400/tonne, steady
The market was quiet and the spot range was steady
MTBE: $1,295-1,302/tonne, up $33-40/tonne
Prices continued to make up ground lost earlier in the week, completing a volatile period of trading. EuroBob gasoline did not trade.
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